Table of Contents
Key Points
- BUA Gypsum Plaster Ltd launches Nigeria's largest gypsum plaster plant with a 2,400-ton daily capacity.
- Strategic production aims to boost self-sufficiency, reduce imports, and support housing and construction sectors in West Africa.
- Under Rabiu, BUA seeks to boost industrial capacity and reduce Africa's import dependency.
BUA Gypsum Plaster Ltd., a subsidiary of the BUA Group led by Nigerian billionaire Abdul Samad Rabiu, has commenced operations at its newly completed Plaster of Paris (P.O.P.) and plasterboard manufacturing facility in Port Harcourt, Nigeria. The state-of-the-art plant underscores BUA Group’s growing influence in Africa’s industrial and manufacturing sectors.
Boasting a production capacity of 2,400 tons per day, the facility is now Nigeria’s largest gypsum plaster plant. Its launch is set to revolutionize the local market, addressing surging demand for plaster products while curbing the nation’s dependence on imports. The strategic move aligns with BUA’s broader vision of bolstering self-sufficiency across critical sectors.
Strategic Move for Infrastructure Development
“This milestone aligns with BUA’s commitment to enhancing value chains across industries,” said Abdul Samad Rabiu, Chairman of BUA Group. “The commencement of production at BUA Gypsum Plaster Ltd. underscores our dedication to driving infrastructure development in Nigeria and West Africa. This facility will support the housing and construction sectors, easing the dependence on imported products.”
To celebrate the launch, BUA announced a special introductory offer for distributors. Companies that register by December 31, 2024, will enjoy an ex-factory price of ₦8,000 ($5.1) per bag, marking a strategic move to promote local manufacturing while delivering exceptional value to partners.
In line with its customer-centric approach, BUA Gypsum Plaster Ltd. is exclusively opening distribution access to registered companies. Interested distributors must complete their registration by the December 31 deadline to participate.
Strengthening Africa’s industrial capacity
BUA Group’s extensive portfolio spans manufacturing, mining, food processing, and infrastructure, with its headquarters in Lagos, Nigeria. The conglomerate has established itself as a powerhouse in sectors ranging from cement production and construction to quarrying and mining, playing a pivotal role in Africa’s economic development.
Under Rabiu’s leadership, BUA is committed to expanding Africa’s manufacturing capabilities and lowering the continent's dependence on imported goods. Recently, the group partnered with Austria’s Starlinger & Co. Limited to enhance the production of high-quality packaging materials, furthering its role in Africa’s economic development.
With a net worth of $4.8 billion, Rabiu remains a central figure in the push to boost Africa’s industrial capacity, reduce import reliance, and drive economic growth across the continent.
